Wednesday, April 3, 2013

The Ninja Stock Monitor: MPI (03 apr 2013)

selected technical indicators of PSE-listed stocks 

03 apr 2013 closing prices

mpi (metro pacific investments)  

c: 5.67(+)
s: 5.54, 5.50, 5.44/5.43, 5.32, 5.20, 5.18
r: 5.69/5.70/5.71, 5.80
vol: (-)
macd: (+)
macd histogram: (+)
macd histogram direction: (+)
rsi: 65.65(+)
sts: 84.29(+

for an explanation of the indicators ... click: here 

mpi chart as of 03 apr 2013 (click on the chart to enlarge):

mpi chart as of 27 mar 2013 (click on the chart to enlarge):

1. mpi moved higher ... breaching the 5.60 resistance and closing @5.67 near its intraday high @5.69 ...
2. the macd, rsi and sts all moving higher ... the sts already @oberbot levels ...
3. i added a few more mpi's ... also adjusting my stops ...
4. next resistance: 5.69/5.70/5.71
5. it is possible that profit taking will ensue in the coming days as mpi has already gone up about 50-70 cents from its 5.01/5.18 lows ... 
6. options: 
a. sell half of the position to lock in profits ...
b. sell all ... expecting mpi to have reached its interim highs .. with the plan to buy bak once its new bottom has been established ..
c. just adjust stops and continue holding on ...

previous MPI monitor: The Ninja Stock Monitor: MPI (30 mar 2013)

for reference .. you may also want to read: my trading rules

p.s.: readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose

p.s.2: to blog readers with mpi ... my notes above are just that .. my notes to myself .. u have to plan for your own trades tomoro and the next few days .. 

p.s.3: to blog readers with no mpi's .. just read the blog and see if u can make use of the ideas contained herein ... and see if u can apply them to ur trades ..